Funding round
CAIS Series C
CAIS, which works in alternative investment platform development in New York, raised $225M in a Series C round announced on 11 Jan 2022, led by Apollo and Motive Partners, at a $1.00B post-money valuation. 3 firms took part. It is CAIS' second venture round on record; the one before was a Series B in Jan 2020.
$225M
Amount raised
$1.00B
Post-money valuation
$775M pre-money
3
Investors
2 leads
23%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced CAIS at $1.00B after the new money. The $225M bought investors about 23% of the company. It came 24 months after CAIS' Series B. It is 54% of the $415M CAIS has raised in the venture rounds on record. CAIS raised again 54 months later: a Series D round of $170M in Jul 2026, at $2.00B post-money.
Investors
Who put money in
Apollo and Motive Partners led the round with 1 other firm.
Lead investors
- Apollo backs 41 venture-backed companies new investor
- backs 40 venture-backed companies new investor
Also in the round
- Franklin Templeton new investor
Joined the board: Blythe Masters (Motive Partners) and Andrew Gosden (Apollo Global Management).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
14 Series C rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $60M, and this round was 3.7 times the median. The closest in time, other companies' Series C rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 19 Jan 2022 | $100M | not disclosed | Durable Capital Partners |
| Investment Consultants & Financial Advisors | 1 Nov 2021 | $47M | $447M | Hamilton Lane |
| Investment Consultants & Financial Advisors | 12 Oct 2021 | $100M | not disclosed | Owl Capital |
| Investment Consultants & Financial Advisors | 28 Oct 2021 | $36M | $360M | Amplo |
| Investment Consultants & Financial Advisors | 11 Oct 2021 | $33M | not disclosed | Hana Financial Investment |
| Investment Consultants & Financial Advisors | 15 Sep 2021 | $55M | $500M | IGNIA and Blockchain Capital |
| Vestwell Investment Consultants & Financial Advisors | 20 Jul 2021 | $70M | not disclosed | Wells Fargo Strategic Capital and Fin Capital |
| Investment Consultants & Financial Advisors | 2 Jun 2021 | $100M | not disclosed | Tarsadia |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did CAIS raise in its Series C round?
CAIS raised $225M in its Series C round, announced in Jan 2022.
Who led CAIS' Series C round?
Apollo and Motive Partners led it, with Franklin Templeton.
What was CAIS' valuation at the Series C round?
$1.00B post-money ($775M pre-money).
How does it compare with other Series C rounds in Investment Consultants & Financial Advisors?
14 Series C rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $60M, and this round was 3.7 times the median.
Did CAIS raise again after this round?
Yes: a Series D round in Jul 2026 of $170M at $2.00B post-money.